Empowerment Ministries Inc

Analysis

Empowerment Ministries Inc is a registered charity in United States, based in Old Westbury, NY. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empowerment Ministries Inc reported income of $474k and spending of $303k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $474k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Empowerment Ministries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Ex Nihilo Out of Nothing Inc ($474k), Biblos Foundation ($475k) and Chattanooga House of Prayer ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $5,000 (1.6% of expenses). Other salaries and wages came to $32k. It paid $2,700 in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $1,243, net assets of $2.6m. It reported 1 employees.